What is SMOG?
SMOG It is a community-focused meme coin. It launched on Solana in early February. Its creators aim to leverage memes and word-of-mouth marketing to promote engagement and awareness.
One of the main features of SMOG is the large-scale airdrop campaign in conjunction with Zealy with 35% of the total supply being distributed to community members. This amounts to over 490 million tokens ($36.2 million worth at the current SMOG price).
SMOG holders can Stake tokensto receive a maximum return of 42% per year
With various prizes and giveaway incentives, SMOG has been able to build a large community on social media platforms such as Twitter Yes, in addition, it has been talked about by influential crypto influencers. Many people also
For example: Matthew Perry The owner of a YouTube channel with 211,000 subscribers revealed that he believes this may be Considering Perry’s reputation in the crypto world, his mentions likely contributed to SMOG’s increased interest.
price of Smog (SMOG) which is a new meme coin based on Solana has increased around 21% in the past 24 hours. As a result, the market value exceeded $100 million within a short period of time.
Considering the higher price Crypto investors Many people are wondering if now is still the time to invest in SMOG.
SMOG price increases When investors join together
After a recent surge in price, SMOG is trading around $0.073, near its all-time high since its launch on February 16th.
This shows strong momentum behind the recent price increase, with SMOG breaking out of key resistance at $0.070 recently. And the happy news is that SMOG now has over 32,000 unique holders.
sideTrading volumeof SMOG has increased 23% in the past 24 hours.
When taken together These factors contribute to SMOG’s positive outlook.
In addition, investors are also interested in Token Allocation of SMOG, designed with community in mind The team that created the token holds only 0.43% of SMOG, meaning that the token is distributed fairly.
It also waives ownership rights. This makes it impossible for creators to create tokens or make changes to contracts anymore.
With such a strategy and increased holders and trading volume, SMOG’s price may have more room to act.
Multi-Chain implementation and protocol burning scheme
The market trend of popular Solana meme coins such as Bonk (BONK) and dogwifhat (WIF) also plays a role in the popularity of Solana. SMOG too
Recently, several meme coins launched on Solana with the goal of low fees and fast transactions.
And in the past, we saw that Solana was one of the breeding grounds for viral meme coins. CoinGecko This shows that the meme market alone is worth as much as $2.7 billion.
While SMOG will benefit from being on Solana, the token’s creators plan to continue developing the project in a multi-chain manner.
SMOG has recently been deployed on Ethereum, helping to expand the token’s broader reach. With access to liquidity and community on the network, SMOG can expand as a new meme coin for distribution and adoption.
If anyone wants to study more information, you can read.Smog’s roadmap can
And while we’ve seen some speculative trading lately, SMOG looks like it may be capitalizing on the growing interest in the meme coin among both new and expert investors.